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V1731-18 ·18 June 2018 ·consulta-vinculante Medium impact
Tax

Investment in land is not eligible for the RIC if it is not allocated to the specific uses required by law

A notary residing in the Canary Islands inquires whether the purchase of land for the construction of holiday homes and the purchase of new apartments are eligible to realize the Canary Islands Investment Reserve (RIC). The DGT responds that investment in land does not meet the requirements of allocation and that the classification of the activity depends on the provision of hotel services.

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2018-06-18PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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